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The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.
Ing Groep trades on the NYSE stock market under the symbol ING.
As of March 28, 2024, ING stock price climbed to $16.49 with 3,061,501 million shares trading.
ING has a beta of 0.90, meaning it tends to be less sensitive to market movements. ING has a correlation of 0.20 to the broad based SPY ETF.
ING has a market cap of $54.40 billion. This is considered a Large Cap stock.
In the last 3 years, ING stock traded as high as $16.51 and as low as $8.14.
The top ETF exchange traded funds that ING belongs to (by Net Assets): AVDE, KOMP, APIE, DFAX, AVIV.
ING has outperformed the market in the last year with a price return of +50.7% while the SPY ETF gained +33.6%. However, in the short term, ING had mixed performance relative to the market. It has underperformed in the last 3 months, returning +8.6% vs +10.1% return in SPY. But in the last 2 weeks, ING shares have fared better than the market returning +7.1% compared to SPY +1.7%.
ING support price is $16.06 and resistance is $16.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ING stock will trade within this expected range on the day.